Maximum Funded Debt definition

Maximum Funded Debt means, as to TCC and its Subsidiaries, all debt owed to institutional lenders and as a result of private placement.
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Maximum Funded Debt means, as of the date of determination, all outstanding interest-bearing Debt of Borrower, including without limitation outstanding Revolving Loans.
Sample 1
Maximum Funded Debt to Cash Flow Ratio Applicable Libor Margin Less than 1.00 to 1.00 1.00% Between 1.00 and 1.49 to 1.00 1.50% Between 1.50 and 2.49 to 1.00 2.00% Equal to or greater than 2.50 2.50% to 1.00
Sample 1

Examples of Maximum Funded Debt in a sentence

  • As long as any Securities of a series entitled to the benefit of this covenant are outstanding the Company will not permit any Restricted Subsidiary to incur or assume any Funded Debt if immediately after the incurrence or assumption of such Funded Debt, the aggregate outstanding principal amount of all Funded Debt of the Restricted Subsidiaries would exceed fifteen percent (15%) of the Maximum Funded Debt Amount.

  • Maintain at all times a Funded Debt to EBITDA Ratio of not more than the Maximum Funded Debt to EBITDA Ratio.

  • During the term of the Loan, the Maximum Funded Debt of TCC to Consolidated EBITDA shall not exceed 3.50x, which calculation shall be measured quarterly as set forth below.

  • To maintain quarterly on a consolidated basis a Maximum Funded Debt to Total Capitalization of no more than 45%.

  • The main focus is on the Maximum Funded Debt to EBITDA and the Minimum Fixed Charge Coverage Ratios, which are measures defined under the loan agreement that have no prescribed meaning under IFRS.

  • Maximum Funded Debt of 3.5 times EBITDA, on a rolling 6 month annualized basis.

  • Quarterly Financial Statements with Compliance Certificate Quarterly within 45 days Yes No Public disclosure of legal actions Promptly Yes No Annual financial statement (CPA Audited) + XX XXX within 90 days Yes No Maximum Funded Debt to TTM Adjusted EBITDA 2.5:1.0 Yes No Minimum TTM Adjusted EBITDA $10,000,000 Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) CUTERA, INC.

  • Additionally, at March 31, 2013 we were not in compliance with the Maximum Funded Debt to EBITDA ratio.

  • Financial covenants to include, but not be limited to: Minimum Debt Service Coverage Ratio (if Sublimit B is funded) Maximum Funded Debt to EBITDA of 3.0:1 Minimum Current Ratio of 1.50:1 Minimum Tangible Net Worth of $7,000,000 plus 50% of net income for each fiscal year.

  • Xxxxx hereby waive the defaults by Borrower under Paragraph 5.15 (Maximum Funded Debt to Adjusted EBITDA Ratio) and Paragraph 5.17 (Maximum Leverage Ratio) as in effect prior to the date hereof; provided, that nothing herein shall be construed as a waiver of any defaults under Paragraph 5.15 or Paragraph 5.17, as amended hereby, or any other provisions of the Credit Agreement.


More Definitions of Maximum Funded Debt

Maximum Funded Debt to EBITDA Ratio (as at the end of any fiscal quarter commencing with the fiscal quarter ending March 31, 2016) Ratio of (a) Consolidated Funded Debt as of the Reporting Date minus, solely for the purpose of calculating covenant compliance with Section 10.2 of the Credit Agreement and for no other purpose, Qualified Domestic Cash in an amount up to $2,000,000 divided by (b) Consolidated EBITDA of the Borrowers for the Reporting Period. 1. Outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including the Obligations under the Credit Agreement, but excluding any net obligations under any Swap Contract) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments $_________________ 2. All purchase money Indebtedness $_________________ 3. All direct obligations arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments $_________________ 4. All Guarantees with respect to outstanding Indebtedness of the types specified in Line 1 through Line 3 above of Persons other than the Borrowers or any Subsidiary $_________________ 5. All Indebtedness of the types referred to in Line 1 through Line 3 above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to such Borrower or such Subsidiary $_________________ 6. Consolidated Funded Debt (result of the sum of Line 1 through Line 5 above) $_________________ 7. The lesser of (a) $2,000,000 and (b) the amount of Qualified Domestic Cash held by the Borrowers on the Reporting Date $_________________ 8. The sum of Line 6 minus Line 7 $_________________ 9. Consolidated EBITDA (See Line 11 of the calculation of Consolidated EBITDA pursuant to Section 10.5 of the Credit Agreement set forth below) $_________________ 10. Consolidated Funded Debt to EBITDA Ratio (Ratio of Line 8 divided by Line 9 above) ____:____ Maximum Permitted 2.25:1.00
Sample 1
Maximum Funded Debt means all short term and long term debt (with the amount of debt for restaurants open for less than one year to be prorated based on the days open) plus Capital Lease obligations, minus borrowing related to interim construction financing.
Sample 1

Related to Maximum Funded Debt

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Total Net Funded Debt means, as at any relevant date:

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including payments due on Capital Leases and mortgaged real properties (including any Mortgaged Properties) during the applicable period ending on the date of determination).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Senior Funded Debt means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

  • Unfunded Exposure Equity Amount On any date of determination, an amount equal to the sum, for each Loan, of (a) the Unfunded Exposure Amount for such Loan minus (b) the product of (i) the Unfunded Exposure Amount for such Loan, (ii) the Advance Rate for such Loan and (iii) the Assigned Value of such Loan.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Adjusted Debt means, as of any date, the sum of (i) all Adjusted Indebtedness of the Company and its Subsidiaries on a Consolidated basis on such date and (ii) (x) Rent Expense for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered pursuant to Section 7.1(a) or 7.1(b) multiplied by six (6).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Consolidated Scheduled Funded Debt Payments means for any period for the Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this definition, “scheduled payments of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary or mandatory prepayments made during the applicable period, (b) shall be deemed to include the Attributable Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c) shall not include any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05.

  • Consolidated Funded Indebtedness means, as of any date of determination with respect to the MLP and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a) all obligations for borrowed money (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) the maximum amount available to be drawn under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by the MLP or a Subsidiary (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by the MLP or such Subsidiary or is limited in recourse; (e) all Attributable Indebtedness; (f) all obligations to purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, except to the extent that Indebtedness is expressly made non-recourse to such Person.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Consolidated Outstanding Indebtedness means, as of any date of determination, without duplication, the sum of (a) all Indebtedness of the Consolidated Group outstanding at such date, determined on a consolidated basis in accordance with GAAP (whether recourse or non-recourse), plus, without duplication, (b) the applicable Consolidated Group Pro Rata Share of any Indebtedness of each Investment Affiliate other than Indebtedness of such Investment Affiliate to a member of the Consolidated Group.

  • Maximum Swingline Amount means $5,000,000.

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).